M&A Deal Summary

First National Bank Acquires Howard Bank

On July 13, 2021, First National Bank acquired financial services company Howard Bank for 418M USD

Acquisition Highlights
  • This is First National Bank’s 14th transaction in the Financial Services sector.
  • This is First National Bank’s 3rd largest (disclosed) transaction.
  • This is First National Bank’s 14th transaction in the United States.
  • This is First National Bank’s 4th transaction in Maryland.

M&A Deal Summary
Date 2021-07-13
Target Howard Bank
Sector Financial Services
Buyer(s) First National Bank
Deal Type Merger
Deal Value 418M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc.
Stifel, Nicolaus & Co., Inc. (Financial)
Nelson Mullins Riley & Scarborough (Legal)

Target

Howard Bank

Baltimore, Maryland, United States
Howard Bank is a bank holding company. Its principal operating subsidiary Howard Bank is a growth-focused community bank serving businesses, professionals and individuals. Howard Bank was founded in 2004 and is based in Baltimore, Maryland.

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Buyer(S) 1

Buyer

First National Bank

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1864
Sector Financial Services
Employees4,008
Revenue 1.6B USD (2023)
DESCRIPTION

First National Bank is a financial holding company, provides various financial services to consumers and small- to medium-sized businesses primarily in Pennsylvania, eastern Ohio, and northern West Virginia. First National Bank was incorporated in 1864 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 14 of 14
Sector (Financial Services) 14 of 14
Type (Merger) 2 of 2
State (Maryland) 4 of 4
Country (United States) 14 of 14
Year (2021) 1 of 1
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Yadkin Financial

Raleigh, North Carolina, United States

Yadkin Financial Corporation is the holding company for Yadkin Bank, a full-service statechartered community bank providing services in 100 branches across North Carolina and upstate South Carolina. Serving approximately 130,000 customers, Yadkin has assets of $7.5 billion. Yadkin Bank's primary business is providing banking, mortgage, investment and insurance services to residents and businesses across the Carolinas. Yadkin Bank provides mortgagelending services through its mortgage division, Yadkin Mortgage, headquartered in Winston-Salem, NC.

Buy $1.4B
Mergr

Product

Company

Legal